Lincoln Educational Services (NASDAQ:LINC) Sets New 52-Week High – Here’s What Happened

Lincoln Educational Services Corporation (NASDAQ:LINC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $29.56 and last traded at $29.0510, with a volume of 368319 shares traded. The stock had previously closed at $27.30.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LINC. B. Riley Financial lifted their price objective on Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings raised shares of Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Griffin Securities set a $33.00 price objective on shares of Lincoln Educational Services in a research report on Tuesday, January 27th. Wall Street Zen upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research downgraded Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $29.00.

Lincoln Educational Services Trading Up 5.9%

The company has a market cap of $913.93 million, a P/E ratio of 64.22, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. The stock has a 50-day moving average of $25.15 and a two-hundred day moving average of $22.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 0.81.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $22.18, for a total transaction of $307,547.88. Following the completion of the sale, the director directly owned 24,823 shares in the company, valued at approximately $550,574.14. This trade represents a 35.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Lincoln Educational Services in the 3rd quarter worth approximately $35,000. Strs Ohio purchased a new stake in Lincoln Educational Services during the first quarter valued at approximately $48,000. Stanley Laman Group Ltd. bought a new position in Lincoln Educational Services in the third quarter worth approximately $49,000. State of Wyoming purchased a new position in shares of Lincoln Educational Services during the 3rd quarter worth $54,000. Finally, McIlrath & Eck LLC grew its position in shares of Lincoln Educational Services by 24.2% during the 3rd quarter. McIlrath & Eck LLC now owns 2,815 shares of the company’s stock valued at $66,000 after acquiring an additional 548 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

About Lincoln Educational Services

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.